Chairman & Chief Executive Officer, 10% Owner Ron Bentsur purchased 20,000 shares of Nuvectis Pharma Inc (NVCT, Financial) on November 15, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 3,266,424 shares in the company.
Nuvectis Pharma Inc is a biopharmaceutical company focused on the development of innovative cancer treatments. The company's strategic approach targets specific pathways that are critical in cancer cell growth and survival.
On the date of the purchase, shares of Nuvectis Pharma Inc were priced at $4.92, resulting in a transaction valued at approximately $98,400. This acquisition has contributed to a total of 28,940 shares bought by the insider over the past year, with no shares sold during the same period. The company's market cap stands at $97.378 million.
The insider transaction history at Nuvectis Pharma Inc shows a pattern of more insider buying than selling over the past year, with 6 insider buys and only 1 insider sell recorded.
For investors, insider buying can serve as a signal that company executives believe in the stock's potential or view it as undervalued. Interested parties might consider looking at the company's valuation metrics such as GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow to gain further insights into the stock's current valuation.
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